Enclosed is a blog entry that was posted onto the ICAEW Tourism and hospitality Group, which covers potential legislative changes to TOM’s once the country exits the EU:- The Tour Operator Margin Scheme (TOMS) was introduced in 1988, as a simplification for EU vendors of travel. VAT is payable on the margin and not on…
In his last ever Spring Budget, Chancellor Philip Hammond promised that his government would ensure the country had enough “fuel in the tank to go the distance” during the Brexit process. Other than “breaking” the Tory manifesto not to increase VAT, Income Tax or NI, the budget was not full of too many headline announcements.…
On 8th March 2017, Chancellor Philip Hammond delivered the last ever Spring Budget. Shortly, our tax team at WHA will publish their full spring budget report, but in the meantime enclosed is a summary of the major announcements and changes:- From April 2017: new announcements Package of measures to give some relief to those small…
